Renaissance Group LLC Sells 1,855 Shares of Ulta Beauty Inc. $ULTA

Renaissance Group LLC trimmed its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 64,332 shares of the specialty retailer’s stock after selling 1,855 shares during the period. Ulta Beauty makes up about 1.6% of Renaissance Group LLC’s investment portfolio, making the stock its 13th largest holding. Renaissance Group LLC’s holdings in Ulta Beauty were worth $38,922,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Norges Bank bought a new position in shares of Ulta Beauty during the fourth quarter valued at $430,963,000. Holocene Advisors LP increased its holdings in Ulta Beauty by 339.6% in the 3rd quarter. Holocene Advisors LP now owns 379,939 shares of the specialty retailer’s stock worth $207,732,000 after buying an additional 293,516 shares in the last quarter. Andra AP fonden increased its holdings in Ulta Beauty by 351,900.0% in the 3rd quarter. Andra AP fonden now owns 228,800 shares of the specialty retailer’s stock worth $125,096,000 after buying an additional 228,735 shares in the last quarter. Invesco Ltd. raised its position in Ulta Beauty by 33.6% in the 3rd quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock worth $459,479,000 after buying an additional 211,485 shares during the last quarter. Finally, Caisse de depot et placement du Quebec raised its position in Ulta Beauty by 249.8% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 295,833 shares of the specialty retailer’s stock worth $161,747,000 after buying an additional 211,266 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty News Summary

Here are the key news stories impacting Ulta Beauty this week:

• Positive Sentiment: Ulta Beauty continues to benefit from brand and category momentum, including fragrance and prestige products, which were highlighted as strong drivers in recent Q1 results and follow-up analysis. That supports the view that core demand remains healthy. 5 Insightful Analyst Questions From Ulta’s Q1 Earnings Call
• Positive Sentiment: Khloé Kardashian launched XO Blue fragrance at Ulta, adding a celebrity-backed exclusivity play that may help traffic, sales, and Ulta’s image as a destination for new beauty launches. Khloé Kardashian Launches XO Blue Fragrance at Ulta With a Summer Beach Scent
• Positive Sentiment: Ulta shareholders approved governance and incentive changes, which can be viewed as a sign of corporate alignment and cleaner execution going forward. Ulta Beauty Shareholders Approve Governance and Incentive Changes
• Neutral Sentiment: Analyst and comparison pieces like “WOOF vs. ULTA” and the Zacks feature are mostly valuation-focused and do not add a clear near-term catalyst, but they keep Ulta in the spotlight for investors weighing quality versus value. WOOF vs. ULTA: Which Stock Is the Better Value Option?
• Negative Sentiment: Investor sentiment remains mixed because some commentary argues Ulta’s growth may be slowing and that margin improvements may be hard to sustain, which helps explain why the stock has been drifting lower despite solid earnings. Is Ulta Beauty Losing Its Glamour? Why Investors Are Dumping ULTA Stock
• Negative Sentiment: Another recent opinion piece said Ulta’s latest quarter looked “ugly,” with investors worried that guidance points to slower EPS growth and that some margin gains may not last, adding to pressure on the shares. Ulta Beauty Earnings Were Ugly. We’re Pulling Our Recommendation.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ULTA shares. Guggenheim initiated coverage on shares of Ulta Beauty in a report on Monday, April 20th. They set a “buy” rating on the stock. TD Cowen decreased their price objective on shares of Ulta Beauty from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday. Wells Fargo & Company lowered their price objective on shares of Ulta Beauty from $475.00 to $450.00 and set an “underweight” rating on the stock in a research report on Wednesday, June 3rd. Canaccord Genuity Group dropped their target price on shares of Ulta Beauty from $799.00 to $731.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Finally, Weiss Ratings downgraded shares of Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Ulta Beauty has an average rating of “Moderate Buy” and a consensus price target of $644.91.

Insider Buying and Selling

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 452 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $539.29, for a total transaction of $243,759.08. Following the sale, the director directly owned 2,383 shares of the company’s stock, valued at $1,285,128.07. This trade represents a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Ulta Beauty Price Performance

ULTA opened at $470.75 on Thursday. The company has a 50 day simple moving average of $518.56 and a two-hundred day simple moving average of $583.79. The firm has a market cap of $20.24 billion, a P/E ratio of 17.65, a PEG ratio of 1.49 and a beta of 0.86. Ulta Beauty Inc. has a 1-year low of $452.00 and a 1-year high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, beating the consensus estimate of $6.89 by $0.85. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same period last year, the firm earned $6.70 EPS. The company’s revenue was up 11.1% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. Equities analysts anticipate that Ulta Beauty Inc. will post 28.72 earnings per share for the current year.

About Ulta Beauty

Ulta Beauty, Inc (NASDAQ: ULTA) is a U.S.-based specialty retailer and beauty services provider focused on cosmetics, fragrance, skin care, hair care, bath and body, and beauty tools. The company operates a dual-format business that combines brick-and-mortar retail stores with an e-commerce platform, offering a broad assortment of national, prestige and mass-market brands alongside its own private-label products. In many locations Ulta also provides full-service salon treatments, positioning the company as a one-stop destination for product discovery and in-store services.

The retailer’s product mix spans color cosmetics, haircare and styling products, skin and body care, fragrance, and accessories, catering to a wide range of consumer preferences and price points.